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Showing 1 - 2 of 2 results for "New Zealand Companies Act"

Employee shareholders officially file lawsuit against FNZ

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
... class action at the High Court of New Zealand where FNZ is domiciled, claiming the board breached the New Zealand Companies Act 1993 by approving the capital raises. The litigants claim the conflict began with a series of undisclosed constitutional changes ...

FNZ faces revolt from employee shareholders

KARREN VERGARA  |  TUESDAY, 29 APR 2025
... management to their concerns. With FNZ domiciled in New Zealand, there are potential violations of the New Zealand Companies Act 1993." The group of employees also believe that such actions "highlight significant conflicts of interest within the group ...
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